Will Make It Mandatory for Businesses to Conduct Currency Exchanges Through Banks: Muizzu
Businesses in the Maldives will be banned from selling their US dollars on the currency black market, President Mohamed Muizzu...
Parliament to Consider Anti-Scam Amendment Proposed by North Galolhu MP
A bill targeting scams, proposed by the opposition Maldivian Democratic Party (MDP), was accepted for consideration, and referred to committee,...
Tourism Revenue Surge Highlights Urgent Need for Economic Reforms to Boost Local USD Circulation
Recent data released by the Maldives Association of Travel Agents and Tour Operators (MATATO) projects increases in tourism revenue, spotlighting...
Finance Ministry Initiates Sale of T-Bills Worth MVR 2.5 Billion
Treasury bills (T-bills) have been issued for the third time this year, this time worth MVR 2.5 billion, to cover...
MMA Launches ‘Favara’ Instant Payment System
The Maldives’ central bank, Maldives Monetary Authority (MMA), has finally launched its Instant Payment System, ‘Favara,’ to facilitate fast, convenient,...
Three Banks Join Central Bank’s Instant Payment System
In a significant development for the Maldivian financial sector, three local banks have signed an agreement with the Maldives Monetary...
Sri Lanka Implements Five-Day Bank Holiday for Debt Restructuring
Sri Lanka has initiated a five-day bank holiday to restructure its domestic debt, which currently stands at USD 42 billion....
